Trane Technologies plc $TT Stock Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 99.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,117 shares of the company’s stock after selling 579,897 shares during the period. Curated Wealth Partners LLC’s holdings in Trane Technologies were worth $505,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TT. ZWJ Investment Counsel Inc. lifted its holdings in Trane Technologies by 1.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 1,257 shares of the company’s stock worth $568,000 after buying an additional 23 shares during the period. Mather Group LLC. boosted its position in Trane Technologies by 13.0% during the 3rd quarter. Mather Group LLC. now owns 1,417 shares of the company’s stock valued at $640,000 after acquiring an additional 163 shares in the last quarter. Fortitude Family Office LLC boosted its position in Trane Technologies by 23.4% during the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $138,000 after acquiring an additional 58 shares in the last quarter. Strategy Asset Managers LLC boosted its position in Trane Technologies by 4.0% during the 3rd quarter. Strategy Asset Managers LLC now owns 747 shares of the company’s stock valued at $338,000 after acquiring an additional 29 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Trane Technologies by 3.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,333 shares of the company’s stock valued at $1,507,000 after acquiring an additional 109 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent research reports. Wells Fargo & Company began coverage on Trane Technologies in a research report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price target for the company. Royal Bank Of Canada raised their price objective on Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a research report on Wednesday. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. assumed coverage on Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $548.00 to $565.00 in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $539.42.

Trane Technologies Price Performance

Shares of TT stock opened at $458.57 on Friday. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The firm has a market capitalization of $100.89 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The stock’s 50-day simple moving average is $454.48 and its 200-day simple moving average is $462.99.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s payout ratio is currently 31.82%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.